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Print - 2007-05-13
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 12, 2007).

Published 13 May, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 13 May, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 13 May, 2007 12:00am
Attock Cement Pakistan Limited

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) was incorporated in Pakistan on October 14, 1981 as a Public Limited Company and is listed on the Karachi Stock Exchange. The company started its commercial production on June 1, 1988 and has recently added a new plan
Published 13 May, 2007 12:00am
Attock Petroleum Limited

Attock Petroleum Limited

Attock Petroleum Limited (APL), sponsored by the "Pharaon Investment Group Limited Holdings s.a.l" and Attock Oil Group of Companies, started its operations in 1997. It is listed on the Karachi Stock Exchange.
Published 13 May, 2007 12:00am
National Refinery Limited

National Refinery Limited

National Refinery Limited (NRL) was incorporated as a Public Limited Company at Karachi in 1963 and is listed on the three stock exchanges of the country. NRL is a petroleum refining and petrochemical complex producing a wide range of fuels, lubes, BTX (p
Published 13 May, 2007 12:00am
Attock Refinery Limited

Attock Refinery Limited

Attock Refinery Limited (ARL) is the pioneer in crude oil refining in the country with its operations dating back to 1922. From batch distillation stills of 2500 Barrels Per Day (BPD) capacity, ARL has today grown into a modern state-of-the-art refinery w
Published 13 May, 2007 12:00am
Pakistan Oilfields Limited

Pakistan Oilfields Limited

Pakistan Oilfields Limited (POL) promoted by the Attock Oil Company (AOC) was incorporated on November 25, 1950 as a Pakistani Oil Exploration and Production Company. In 1978, POL took over from AOC, the entire oil & gas exploration, production, gas proce
Published 13 May, 2007 12:00am
The Attock Oil Company Limited

The Attock Oil Company Limited

The Attock Oil Company Limited (AOC) was incorporated in United Kingdom on December 1, 1913. The Company is principally engaged in exploration, drilling and production of petroleum and related activities in Pakistan.
Published 13 May, 2007 12:00am
Attock Gen Limited (AGL) - 165 MW Power Plant

Attock Gen Limited (AGL) - 165 MW Power Plant

Mobilising and generating affordable and environment-friendly energy resources is one of the key challenges for any nation in today's world. Today the top priority for Pakistan is Energy and Power Generation. According to the macroeconomic indicators, the
Published 13 May, 2007 12:00am
Message from Chairman Attock Group

Message from Chairman Attock Group

I wish to extend my heartiest congratulations to the management and staff of the Attock Group of Companies on the ground breaking ceremony of Attock Gen Limited (AGL), the first venture of the Group in the field of power generation.
Published 13 May, 2007 12:00am
Message from Managing Director PPIB

Message from Managing Director PPIB

Private Power Infrastructure Board (PPIB) wishes to congratulate the Attock Group of Companies on the auspicious occasion of the ground breaking ceremony of their power project, Attock Gen Ltd. (AGL). This is indeed an important milestone in the developme
Published 13 May, 2007 12:00am
Message from Secretary Ministry of Water & Power

Message from Secretary Ministry of Water & Power

It is indeed a matter of great pleasure for me that the Attock Group of Companies is launching another project of National importance, this time in Power Generation.
Published 13 May, 2007 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

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No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indir
Published 13 May, 2007 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

Let me, at the outset, Congratulate the Attock Group of Companies on the Ground Breaking ceremony of Attock Gen Limited. Today, the top priority for Pakistan is Energy and Power Generation, required for our industrial development and for achieving the amb
Published 13 May, 2007 12:00am
Canadian bond prices rally

Canadian bond prices rally

The Canadian bond prices rallied immediately after the weak jobs data on Friday, and even further after the release of soft US data, but the gains were handed back and bonds closed just a touch higher.
Published 13 May, 2007 12:00am
Canadian bond prices rally

Canadian bond prices rally

The Canadian bond prices rallied immediately after the weak jobs data on Friday, and even further after the release of soft US data, but the gains were handed back and bonds closed just a touch higher.
Published 13 May, 2007 12:00am
Emerging debt unchanged, local markets most active

Emerging debt unchanged, local markets most active

Emerging sovereign debt prices were unchanged on Friday in a lacklustre market while domestic assets in Latin America attracted most of investors' attention. Brazil's global bond due 2040, considered the emerging market benchmark paper due to its high liq
Published 13 May, 2007 12:00am
Emerging debt unchanged, local markets most active

Emerging debt unchanged, local markets most active

Emerging sovereign debt prices were unchanged on Friday in a lacklustre market while domestic assets in Latin America attracted most of investors' attention. Brazil's global bond due 2040, considered the emerging market benchmark paper due to its high liq
Published 13 May, 2007 12:00am
US corporate bonds spread firm

US corporate bonds spread firm

US corporate bond spreads held firm on Friday as stocks rebounded on easing inflation concerns, while bonds of Movie Gallery Inc slumped on disappointing earnings. Movie Gallery's debt prices fell after the No 2 US video rental chain posted a quarterly lo
Published 13 May, 2007 12:00am
US corporate bonds spread firm

US corporate bonds spread firm

US corporate bond spreads held firm on Friday as stocks rebounded on easing inflation concerns, while bonds of Movie Gallery Inc slumped on disappointing earnings. Movie Gallery's debt prices fell after the No 2 US video rental chain posted a quarterly lo
Published 13 May, 2007 12:00am
Toronto stocks close above 14,000

Toronto stocks close above 14,000

The Toronto Stock Exchange's main index closed above the 14,000 mark for the first time on Friday, boosted by tame US inflation data and strength in commodity prices. The S&P/TSX composite index closed up 150.69 points, or 1.1 percent, at 14,003.82, a rec
Published 13 May, 2007 12:00am
Skilled Healthcare IPO bucks trend

Skilled Healthcare IPO bucks trend

The initial public offering of nursing home owner Skilled Healthcare Group Inc next week bucks the trend of many health care services companies, which have been ducking out of the stock market to escape the glare of investors.
Published 13 May, 2007 12:00am
European Stocks: earnings and growth figures in focus

European Stocks: earnings and growth figures in focus

Equities investors go into the week ahead in pensive mood, assessing whether a few days of losses are based on well-founded worries about growth and interest rates or represent just a temporary pause for breath.
Published 13 May, 2007 12:00am
Chile stocks surge

Chile stocks surge

Chilean stocks edged up on Friday, boosted by rising markets in the United States amid reassuring inflation news, and the peso rose against the dollar. Chile's all-market IGPA index rose 0.21 percent to 14,440.52 points, while the blue chip IPSA index ros
Published 13 May, 2007 12:00am
Brazil stocks close firmer

Brazil stocks close firmer

Brazil's stocks rebounded on Friday after the worst one-day drop in two months in the previous session. The Bovespa index of the Sao Paulo Stock Exchange rose 1.33 percent to 50,902.38 points, after dropping 2.07 percent on Thursday.
Published 13 May, 2007 12:00am
US Treasuries decline

US Treasuries decline

US government bond prices slid on Friday, reversing early gains as stocks climbed on easing inflation concerns, which sparked investor hopes of earlier Federal Reserve rate cuts than had been expected. Investors' demand for stocks and other riskier assets
Published 13 May, 2007 12:00am
US Treasuries decline

US Treasuries decline

US government bond prices slid on Friday, reversing early gains as stocks climbed on easing inflation concerns, which sparked investor hopes of earlier Federal Reserve rate cuts than had been expected. Investors' demand for stocks and other riskier assets
Published 13 May, 2007 12:00am
Mexican stocks at record close

Mexican stocks at record close

Mexican stocks rose to a record high close on Friday, boosted by gains in heavyweight cell phone operator America Movil and stable US inflation data. The IPC stock index jumped 1.37 percent to end at 30,058.75 points.
Published 13 May, 2007 12:00am
American credit market outlook

American credit market outlook

Sara Lee Corp's credit spreads remain prone to weakness amid fears the company could succumb to a leveraged buyout, yet analysts are divided on the likelihood a deal will get done.
Published 13 May, 2007 12:00am
American credit market outlook

American credit market outlook

Sara Lee Corp's credit spreads remain prone to weakness amid fears the company could succumb to a leveraged buyout, yet analysts are divided on the likelihood a deal will get done.
Published 13 May, 2007 12:00am
Wall Street bounces back

Wall Street bounces back

US stocks rose on Friday, rebounding from their steepest fall in two months, on reassuring inflation news that may give the Federal Reserve room to lower interest rates. Shares of rate-sensitive financial services stocks - such as Goldman Sachs Group Inc,
Published 13 May, 2007 12:00am
Australian wage growth seen at decade high in first quarter

Australian wage growth seen at decade high in first quarter

Wage growth in Australia is expected to have climbed to decade-highs last quarter but, while the headline number might unnerve investors, one-off factors should limit the repercussions for inflation and interest rates.
Published 13 May, 2007 12:00am
Malaysia seen allowing offshore ringgit trade again

Malaysia seen allowing offshore ringgit trade again

Malaysia looks increasingly likely to lift partially a decade-old ban on offshore trade in the ringgit this year, seizing the chance to please investors while its currency is strong and reserves ample.
Published 13 May, 2007 12:00am
Dollar drifts lower against euro

Dollar drifts lower against euro

The dollar slipped against the euro on Friday, weighed down by a surprise decline in US retail sales and benign core producer prices, which bolstered the view the economy is losing momentum.
Published 13 May, 2007 12:00am
IMM speculators' bets against dollar hold steady

IMM speculators' bets against dollar hold steady

Speculators hardly changed the amount of their total bets against the dollar in the week to Tuesday, data from the Commodity Futures Trading Commission shows.
Published 13 May, 2007 12:00am
Rate rises to dent India's growth, but not much

Rate rises to dent India's growth, but not much

Indian consumers may be feeling the effects of a year of interest rate rises, but full corporate order books and strong investment spending suggest the economy has lost only a bit of froth and underlying growth is robust.
Published 13 May, 2007 12:00am
Standard Chartered to buy 49 percent of Indian brokerage

Standard Chartered to buy 49 percent of Indian brokerage

Asia-focused British bank Standard Chartered Plc, has agreed to buy a 49 percent stake in small Indian brokerage UTI Securities Ltd for $36 million, local media reported on Saturday, quoting unidentified sources.
Published 13 May, 2007 12:00am
Standard Chartered to buy 49 percent of Indian brokerage

Standard Chartered to buy 49 percent of Indian brokerage

Asia-focused British bank Standard Chartered Plc, has agreed to buy a 49 percent stake in small Indian brokerage UTI Securities Ltd for $36 million, local media reported on Saturday, quoting unidentified sources.
Published 13 May, 2007 12:00am
Indonesia may intervene in foreign exchange market

Indonesia may intervene in foreign exchange market

Indonesia's central bank may intervene in the foreign exchange market to help smooth out fluctuations in the rupiah and keep it within an acceptable range, its governor told reporters on Friday.
Published 13 May, 2007 12:00am
India's SBI fourth quarter net profit up 75 percent

India's SBI fourth quarter net profit up 75 percent

India's largest lender State Bank of India on Saturday reported a 75 percent rise in its quarterly income, beating expectations as strong loan demand and lower taxes boosted earnings.
Published 13 May, 2007 12:00am
India's SBI fourth quarter net profit up 75 percent

India's SBI fourth quarter net profit up 75 percent

India's largest lender State Bank of India on Saturday reported a 75 percent rise in its quarterly income, beating expectations as strong loan demand and lower taxes boosted earnings.
Published 13 May, 2007 12:00am
Kuwait expected to let dinar rise 3 percent

Kuwait expected to let dinar rise 3 percent

Kuwait's central bank is expected to allow its dinar currency to appreciate by 3 percent in the next six months to check inflation and soak up cash pouring into the oil exporter's economy, Deutsche Bank said in a report.
Published 13 May, 2007 12:00am
New York coffee lower

New York coffee lower

US arabica coffee futures inched lower on Friday as a continued lack of fresh fundamentals kept dealings in another rangebound session, while light origin selling added some pressure, traders said. "There's nothing new to help the market. We are just in f
Published 13 May, 2007 12:00am
CBOT rice higher

CBOT rice higher

Rough rice futures at the Chicago Board of Trade closed higher on Friday on light speculative buying amid a surge in the corn and soybean markets, traders said. Supportive data for world rice supplies in the US Department of Agriculture's May report added
Published 13 May, 2007 12:00am
New York copper higher

New York copper higher

US copper closed up one percent on Friday as a weaker dollar made the metal more attractive to buyers and helped it recover from losses early in the session and on Thursday. The market fell 3 percent Thursday on liquidation of long positions and stop-loss
Published 13 May, 2007 12:00am
Australian grain

Australian grain

China has stopped buying Australian malting barley as a world wide shortage has sent prices soaring, and further sales are unlikely until the next harvest later this year. Australia's biggest barley exporter, South Australian-based ABB Grain Ltd, said thi
Published 13 May, 2007 12:00am
Australian wool higher

Australian wool higher

In a very strong week with a small offering and an increasing US exchange rate, the Australian wool market finished 2.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week.
Published 13 May, 2007 12:00am
Cocoa closes higher

Cocoa closes higher

US cocoa futures settled firm on Friday in a technical rebound, with underlying support from sterling, which strengthened relative to the dollar during the session, dealers said. "It goes back to ... when we held that 50 percent retracement level. So, the
Published 13 May, 2007 12:00am
Soya climbs

Soya climbs

Soybean futures at the Chicago Board of Trade ended up 2 percent on Friday, lifted by the government's small US ending stocks figure and a strong rally in corn, traders said. CBOT soy closed 4 to 17 cents per bushel higher, with May up 17 at $7.50 per bus
Published 13 May, 2007 12:00am
US gold up on stronger euro

US gold up on stronger euro

US gold futures rebounded to finish higher amid heavy volume on Friday after the previous session's sharp sell-off, helped by a reversal of the dollar's strength against the euro and physical buying at lower prices.
Published 13 May, 2007 12:00am
New York sugar up

New York sugar up

Raw sugar futures settled firmer on Friday on options-related and speculative buying as the trade pondered the direction of the sweetener given its bearish fundamentals, brokers said. The New York Board of Trade's July raw sugar contract gained 0.03 cent
Published 13 May, 2007 12:00am
Commodity prices head south as dollar moves up

Commodity prices head south as dollar moves up

Metal prices mainly fell last week as the dollar rallied, while oil slipped as the supply situation improved in the United States, the world's biggest consumer of energy. A stronger US unit decreases demand for dollar-denominated commodities, such as gold
Published 13 May, 2007 12:00am
Divided World Bank wrangles with Wolfowitz's fate

Divided World Bank wrangles with Wolfowitz's fate

A trans-Atlantic power struggle over World Bank President Paul Wolfowitz's fate may be coming to a head after an internal probe reportedly found him guilty of breaching ethics rules. Attention is expected to shift to the bank's board of directors, which o
Published 13 May, 2007 12:00am
Islamabad Gold crest tower project

Islamabad Gold crest tower project

Refer to a letter appeared in Business Recorder on April 27, 2007 regarding Gold Crest Tower Project in Islamabad which is correct. I have also booked apartment in the above project but still not received any intimation about the project nor refund
Published 13 May, 2007 12:00am
Summer blues

Summer blues

With the start of summer people have again been facing a shortage of electricity in the city. This is a big problem for the students who have to prepare for exams. Industrial areas are also suffering from this critical situation.
Published 13 May, 2007 12:00am
Battle ground and terrorism

Battle ground and terrorism

Ever since our mutually arranged cease-fire with India, it appears that Pakistan has become a sort of a battleground. As a frontline state against terror, we are fighting terrorists in Balochistan, Waziristan, Bajaur and are confronted with extremist figh
Published 13 May, 2007 12:00am
China's graduate glut set to worsen

China's graduate glut set to worsen

For the past six months Fang Limin has travelled across China in a desperate search for employment, but he is no normal migrant labourer. Fang has a college degree in accounting and speaks decent English but is nevertheless among record numbers of Chinese
Published 13 May, 2007 12:00am
Sugar industry in death throes

Sugar industry in death throes

One recently read two separate and apparently unconnected stories concerning sugar crisis, one more depressing than the other. In one it was stated that Advisor to Prime Minister on Finance left the Pakistan Sugar Mills Association (PSMA) in limbo by hurr
Published 13 May, 2007 12:00am
Need for conducive working environment at PARC

Need for conducive working environment at PARC

Addressing a meeting of the board of governors of the Pakistan Agricultural Research Council (PARC), Minister for Food and Agriculture, Sikandar Hayat Bosan, is reported to have painted a gloomy picture of its research environment, attributing it to caree
Published 13 May, 2007 12:00am
Confusion in wheat market

Confusion in wheat market

A peculiar proclivity of the present dispensation in the country is the midstream attempts, often aimed at bringing about changes or adaptations, almost as an afterthought, in policies that have been finalised and approved at the highest level. This type
Published 13 May, 2007 12:00am
Punjab plans to set up women export centre

Punjab plans to set up women export centre

The Punjab government is actively considering to establish an "export trade centre" for women in the province. The products, being produced by womenfolk engaged in business, would be displayed at this proposed export trade centre, work on which would be c
Published 13 May, 2007 12:00am
Canada urged to help resolve Kashmir Issue'

Canada urged to help resolve Kashmir Issue'

Former Azad Jammu Kashmir (AJK) Prime Minister Sultan Mehmood Chaudhry has urged Canadian government to help resolve Kashmir issue besides extending assistance to the earthquake-hit Kashmiri people.
Published 13 May, 2007 12:00am
Etihad Airways signs $400 million agreement

Etihad Airways signs $400 million agreement

Etihad Airways has signed the terms of a dollars 400 million agreement for an Islamic lease financing facility. This will be used to finance the Airline's acquisition of four Airbus A340-500 aircraft delivered in 2006, says a statement of Etihad issued he
Published 13 May, 2007 12:00am
Shoaib memorial lecture at ICMAP today

Shoaib memorial lecture at ICMAP today

President of the Institute of Management Accountants of USA Paul A. Sharman will speak at the 18th Shoaib memorial lecture at a local hotel on Sunday (May 13). This was announced by the spokesperson of the Institute of Cost and Management Accountants of P
Published 13 May, 2007 12:00am
KUJ condemns attack on Aaj TV and other media

KUJ condemns attack on Aaj TV and other media

The Karachi Union of Journalists (KUJ) has strongly condemned pre-meditated attack on Aaj TV and other media and deplored the government's failure to intervene and provide protection.
Published 13 May, 2007 12:00am
Islamabad Halqa observes Manto's 85th birth anniversary

Islamabad Halqa observes Manto's 85th birth anniversary

The Islamabad chapter of Halqa i Arbab Zauq arranged a successful discussion programme on Friday night to mark the 85th death anniversary of Saadat Hasan Manto (1912-1955), undoubtedly one of Urdu literature's best short story teller.
Published 13 May, 2007 12:00am
Durrani for adoption of foolproof intelligence gathering mechanism

Durrani for adoption of foolproof intelligence gathering mechanism

The NWFP Chief Minister Akram Khan Durrani has emphasised the need for enhanced co-operation and close liaison among all law enforcing agencies and establishing of a comprehensive intelligence gathering mechanism in order to check criminal activities in t
Published 13 May, 2007 12:00am
Dry weather forecast for Quetta

Dry weather forecast for Quetta

Regional Met office has forecast dry weather for Quetta valley and its surroundings for the next 24 hours. On Sunday, the maximum temperature is expected to remain between 33 to 35 degree Celsius while minimum between 08 to 10 degrees Celsius. The highest
Published 13 May, 2007 12:00am
RIUJ condemns attack on Aaj TV

RIUJ condemns attack on Aaj TV

Rawalpindi-Islamabad Union of Journalists (RIUJ) has strongly condemned attack on the independent private TV channel, AAJ, and criticised the provincial and Federal governments for their failure to provide protection to one of the most respected and popul
Published 13 May, 2007 12:00am
Drive against smoky, noisy vehicles

Drive against smoky, noisy vehicles

Sialkot district government has decided to initiate a vigorous drive against smoke emitting and without silencer vehicles shortly in all parts of the district. Official sources told Business Recorder here on Saturday that the step was being taken t
Published 13 May, 2007 12:00am
Cadmium hazardous for various crops

Cadmium hazardous for various crops

Cadmium is environmentally hazardous in addition to posing a serious threat to crops in the country. Dr Abdul Ghani, a PhD scholar, revealing this in his thesis said that the research was designed to determine the cadmium tolerance potential of a lot of m
Published 13 May, 2007 12:00am
Career counselling initiative at UCP

Career counselling initiative at UCP

Brian D Hunt, Principal Officer, Consulate of the United States of America, has expressed delight at the initiative taken by the University to promote career awareness and guidance to students and hoped that it would prove extremely beneficial in ensuring
Published 13 May, 2007 12:00am
Former PUJ vice president condemns attack on Aaj TV

Former PUJ vice president condemns attack on Aaj TV

Former President Punjab Union of Journalists (PUJ) and Vice President South Asian Free Media Association (SAFMA) (Punjab) Jalil Hassan Akhtar Raja here on Saturday has severally condemned attack on Aaj Television and has termed it as another attemp
Published 13 May, 2007 12:00am
Thousands of Kurds protest to support Ocalan

Thousands of Kurds protest to support Ocalan

Thousands of Kurds on Saturday demonstrated in Strasbourg against the imprisonment of banned Kurdistan Worker's Party leader Abdullah Ocalan. Police estimated that around 15,000 Kurds participated in the demonstration.
Published 13 May, 2007 12:00am
Saudi woman files first case against police

Saudi woman files first case against police

A Saudi civil court is to hear the first ever case brought against the kingdom's religious police charged with enforcing a strict Islamic moral code, the woman plaintiff's lawyer told AFP on Saturday.
Published 13 May, 2007 12:00am
Algeria holds Libyans on way to join Qaeda

Algeria holds Libyans on way to join Qaeda

Algerian security forces arrested three Libyan Islamic militants planning to join al Qaeda's north African wing, Algeria's official news agency APS said on Saturday.
Published 13 May, 2007 12:00am
Bomb blast kills one, injures 14 at Turkish market

Bomb blast kills one, injures 14 at Turkish market

A bomb ripped through a marketplace in the western Turkish city of Izmir on Saturday on the eve of a massive secular rally, killing one person and leaving 14 others injured, officials said.
Published 13 May, 2007 12:00am
Five US-led soldiers killed in Iraq

Five US-led soldiers killed in Iraq

American troops launched a massive hunt for three missing comrades on Saturday amid fears they had been kidnapped by Iraqi insurgents during a pre-dawn attack that left five other soldiers dead. Soldiers and marines threw up roadblocks west of Baghdad as
Published 13 May, 2007 12:00am
Astronomers date star's birth back to nearly the dawn of time

Astronomers date star's birth back to nearly the dawn of time

Astronomers have used a unique process to determine that a star in our galaxy is nearly as old as the universe itself. The star is 13.2 billion years old, while the universe dates back 13.7 billion years, according to the European Organisation for Astrono
Published 13 May, 2007 12:00am
Israeli withdrawal from Gaza crucial for peace: Livni

Israeli withdrawal from Gaza crucial for peace: Livni

Israeli media reported Saturday that Israeli Foreign Minister Tzipi Livni has said any future Palestinian state would require Israel to withdraw from the West Bank. Israeli Foreign Minister Tzipi Livni made the comments in an interview with Egypt's al-Ahr
Published 13 May, 2007 12:00am
Defeated Royal blames Socialist divisions for loss

Defeated Royal blames Socialist divisions for loss

Segolene Royal blamed divisions in France's Socialist party for her presidential election defeat and urged colleagues on Saturday to pick a candidate for the 2012 poll soon to avoid a repeat.
Published 13 May, 2007 12:00am
Iceland votes in tight election, outcome unclear

Iceland votes in tight election, outcome unclear

Icelanders voted on Saturday in an election that pits environmentalists against big industry backers, a contest experts believe may reshape the island nation's ruling coalition and potentially its economic future.
Published 13 May, 2007 12:00am
Palestinian minister flays Israel for peace talks delay

Palestinian minister flays Israel for peace talks delay

Palestinian Foreign Minister Ziad Abu Amr on Saturday blamed the Israeli government for the delay in relaunching peace talks with the Palestinians, saying the "ball is in Israel's court." "It is quite clear that Israel bears the responsibility and the bal
Published 13 May, 2007 12:00am